ScholarShare Partners With California Public Libraries for 2015 Summer Reading Program
"Read to the Rhythm" Promotion Offers $500 Toward a ScholarShare College Savings Plan
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 07/08/15 -- , California's 529 college savings plan, is partnering with California Public Libraries to conduct a summer reading program that gives participants a chance to win $500 in the "" promotion. The prize will go toward a new or existing ScholarShare college savings account.
To enter the "Read to the Rhythm" promotion, sponsored by ScholarShare, complete the entry form available at a participating library or on website by Aug. 1, 2015. Eligible participants must be California residents, at least 18 years old, and be the parent or legal guardian of a California student 3-16 years of age who is participating in a California public library summer reading program. One winner will be randomly selected from each of California's 40 senatorial districts. An eligible person can enter just once for each child. Visit website for additional promotion details including the Official Rules.
ScholarShare, recently awarded a Bronze medal rating by Morningstar, a prominent ratings agency, has the tools to make it easier than ever for family and friends to contribute. Through ScholarShare's "" option, parents, grandparents, aunts, uncles and family friends can open a new 529 plan account as a gift or make a gift contribution to an existing one. College savings specialists are available to answer questions by phone or in-person consultations at no cost.
ScholarShare offers a wide variety of low-cost investment options. It also provides valuable tax advantages. Any U.S. citizen, or resident alien with a valid Social Security Number or Taxpayer Identification Number, can open a new account. Funds can be used at any eligible educational institution in the nation, and some abroad, for a variety of qualified higher education expenses, including mandatory fees, books, supplies, or even certain room and board costs.
ScholarShare accounts may be opened with as little as $25. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum account balance. Established in 1999, ScholarShare currently holds more than $6.4 billion in assets in more than 265,000 accounts as of 6/26/15. To sign up for an account or for more information about the plan, visit . For information about the ScholarShare Investment Board (SIB), visit . Like ScholarShare on Facebook at and follow us on Twitter at .
Named for the section of the IRS code under which they were created, 529 plans offer valuable tax advantages. Contributions are made with money that has already been taxed. Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the State of California.
TIAA-CREF Tuition Financing, Inc., Plan Manager.
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Datum: 08.07.2015 - 15:00 Uhr
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News-ID 405513
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